This additional money will be allocated on a

formula basis, and will be distributed to the majority of councils in England by the end of this week, to ensure that they can make use of it as soon as possible and complete works before the summer holidays.

The meeting decided that receipts received from the federal government would be utilized on the pattern as demanded by the province and like federal government the distribution would be made on the

formula basis of poverty and backwardness.

Stephen Catchpole, managing director at TVU, said: "The Growing Places Fund was allocated on a

formula basis using population and employed earnings which resulted in an allocation of PS8.

In addition, the pricing structure has been changed to a

formula basis to create additional margin stability.

CME Group has launched trading and clearing services for three new Argus Sour Crude Index (ASCI) swap futures contracts and an Argus WTI

formula basis calendar month swap futures contract.

Schools funding operates on a

formula basis because a simple sum per pupil would not generate sufficient funding for small schools to be financially viable in their own right.

The hand-out will be funded by abolishing what Mrs Spelman referred to as the "highly bureaucratic and inefficient" Housing and Planning Delivery Grant which is distributed to local authorities on a complex

formula basis.

Deferred consideration will be payable, calculated on a

formula basis,

Under the supply contract, which may be renewed by the parties following the initial two-year term, Sustainable Energy said it will supply RWE Fuel Cells with inverters for fuel cell heat and power systems developed by it and its partners on a

formula basis.

Part-time earnings are permitted and reduce the maximum $413 a week Employment Insurance (EI) benefit on a

formula basis.

This agreement will initiate a sharing of payments with Merz on a

formula basis including front-end, milestone and royalty payments.

Sometimes the donor wishes to apply the exemption on a

formula basis, depending on the final outcome if the IRS disputes the gift property's FMV.